According to a
newly-published report, the forensic technologies market, which includes
biometrics, has been valued at USD $8.3 billion in 2012 and is expected
to grow at a CAGR of 12.4% from 2013-2019, to a total of US $17.7
billion in 2019.
Also, as the report notes, the DNA profiling segment is expected to
grow at an 11% CAGR in the same period. Currently, in terms of
geography, North America and Europe have a higher market share, but
going forward, it’s expected that Asia Pacific and RoW regions are
expected to gain about 60% of the global pie.
Currently, the market is dominated by the Government and as the
report also indicates, publicly-funded forensic labs account for about
60% of the forensic technologies and services market share.
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